Personal bankruptcy is often the last line of protection for those struggling with major financial challenges. Whether a professional lost their job unexpectedly or someone had massive unanticipated medical costs, their debts may exceed their ability to pay. Creditors...
Month: December 2023
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Think of bankruptcy as a fresh start
Many people tend to think of filing for bankruptcy as a personal failing. In fact, this is why some people refuse to do it. Bankruptcy could clearly help them, but they think it’s a sign that they have made financial mistakes and/or they feel bad using bankruptcy to...
Is it the right time to file for bankruptcy?
Chapter 7 and Chapter 13 bankruptcy are a few methods to help resolve debt obligations. Filing for bankruptcy can mean major life changes, which is why many people are hesitant to file. It can help to ask the following questions as you consider whether it’s time to...